Loihde Plc cancels treasury shares
Loihde Plc Company Announcement 3 May 2022 at 16:30 EEST
The Board of Directors of Loihde Plc has decided to cancel a total of 407,218 treasury shares corresponding to 6.8% of the total number of shares and votes in the company. The cancellation does not affect the company’s share capital.
A total of 302,000 of these shares have been transferred to the company from the company’s joint book-entry account. On 6 May 2021, Loihde Plc’s Annual General Meeting decided that the rights to shares in the company’s joint account and the rights carried by those shares, such as dividends, are forfeited. The forfeiture concerned shares in paper form, if the registration of the shares in a shareholder’s book-entry account had not been validly requested by 30 June 2021. If a share certificate or corresponding document had been lost, a district court decision on the cancellation of the share certificate or corresponding document had to be presented and the other measures required for registering shares in a shareholder’s book-entry account had to be completed by 31 December 2021. After the processing of registration requests in the afore-mentioned manner, a total of 302,000 shares have been transferred to Loihde Plc from the joint book-entry account. There are still 500 shares in the joint account, as the processing of the registration requests concerning these shares is incomplete due to missing documents.
Of the shares to be cancelled, 25,088 shares have been acquired through the acquisition of own shares that was announced on 4 January 2022, and 80,130 shares were already held by the company.
After the cancellation, the total number of shares in Loihde Plc is 5,624,916 shares. The cancellation is effective after it is registered with the Trade Register.
Director of Communications Tiina Nieminen, tel. +358 44 411 3480, email@example.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde is an expert organisation specialising in digital development and security solutions. We help our customers create growth and competitiveness through digitalisation, while ensuring the security of people and information and the continuity of business. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advisory, Loihde Analytics and Loihde Factor. The Group has approximately 750 employees and its revenue in 2021 amounted to EUR 108.1 million.